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Property profile & analytics
OFF-MARKET
Retail space
1020 Cass St 5, Milwaukee, WI 53202-3356
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0112029
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
3,150 SF
Lot
0.05 ac (2,098 SF)
Zoning code
C9A(A)
APN
393-0865-000
UPID
US92-0112029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
New Land Ents · 6 yrs held
New Land Ents
since 2020
5 recorded transactions
Zoning & alternative use
C9A(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milwaukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,676
Tax year 2022
Assessed value
$280,400
Assessed 2022
Previous assessed
$280,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$104,900
Assessed improvement
$175,500
Land market value
$104,900
Improvement market value
$175,500
Total market value
$280,400
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Units
2
Total area
3,150 SF
Lot
0.05 ac (2,098 SF)
Zoning code
C9A(A)
APN
393-0865-000
UPID
US92-0112029
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9A(A) · Milwaukee, WI
Zoning C9A(A) · permitted uses
C9A(A) · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
New Land Ents
Individual
Free & Clear · 6 yrs held
Mailing address
1100 N CASS ST, MILWAUKEE, WI 53202-3381
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
—
1040 Cass Street LLC
—
Deed
related
$16,540,000 · Walker & Dunlop LLC
Feb 14, 2020
—
New Land Ents
City Of Milwaukee
Warranty Deed
related
—
Dec 18, 2014
—
James Wiechmann
1040 Cass Street LLC
Quit Claim Deed
related
$17,489,000 · Walker & Dunlop
Jan 25, 2011
—
1040 Cass Street LLC
Marshall Cass LLC
Condominium Deed
$11,750,000 · M & I Marshall & Ilsley Bank
—
—
1040 Cass Street LLC
—
Loan Modification
related
$14,826,048 · Bmo Harris Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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